This document provides a summary of Colombian laws and regulations regarding real estate acquisition and development. It discusses key topics such as the real estate acquisition process, due diligence requirements, common agreements like purchase agreements and construction contracts, licensing requirements, and special considerations regarding vacant land and land restitution. The document is intended to provide general information on legal matters pertaining to real estate business in Colombia.
The document discusses real estate regulation in Colombia. Key points include:
- The Colombian government protects private property and foreigners have equal rights to purchase real estate. Transactions do not impose additional taxes on foreign investors.
- Land use must comply with land use planning regulations set by municipalities in territorial zoning plans.
- Due diligence is recommended before real estate purchases to analyze title, permitted land uses, and compliance with regulations for rural land. Transactions require registration for title transfer.
- Leases and rentals are also common real estate activities, with obligations for landlords and tenants defined by law. Special protections apply to commercial tenants.
The document provides information about real estate acquisition and leasing in Colombia. It discusses that the Colombian government protects private property and foreigners have equal rights to purchase real estate. It also notes that real estate transactions do not imply additional tax or legal burdens for foreign investors. The document then provides details about due diligence processes, registration procedures, landlord and tenant obligations, rent amounts, and contract renewal rights regarding leasing real estate in Colombia.
Three key points about real estate in Colombia:
1. Colombian and foreign nationals have equal rights to purchase property.
2. Real estate transactions do not impose additional taxes, legal, or financial burdens on foreign investors.
3. Land use must comply with municipal regulations and zoning laws.
Municipalities in Colombia have autonomy to establish regulations for land use and development through a Territorial Land Use Plan (POT). The POT guides physical development and classifies land as urban, rural, or expansion. Construction requires licenses that specify uses, sizes, and technical aspects in accordance with the POT. Real estate can be purchased by foreigners through the same process as Colombians, which involves due diligence, title review, purchase agreement, and registration.
Policy and legal framework affecting real estate in indonesiaLeks&Co
This document outlines Indonesia's legal framework governing real estate, including ownership rights, foreign investment rules, and recent regulatory changes. It discusses the main types of land rights (Ownership, Cultivation, Use, Building), as well as condominium ownership. Foreign investors can purchase real estate by establishing a PMA company with minimum capitalization. Recent regulations increased LTV loan limits and gave local governments control over land taxes and levies.
This document provides information and standard terms for a Contract of Purchase and Sale for real estate. It begins with copyright information for the form.
Section 1 provides 3 sentences on recommended procedures for completing the sale to ensure the seller receives funds on the agreed upon completion date. It advises the buyer to pay funds and sign documents at least 2 days before completion, and the seller to return signed documents by the morning before completion.
Section 2 notes the real estate brokerage must hold deposits from the transaction as a stakeholder according to the Real Estate Services Act, and cannot release the funds without written agreement from both parties.
Types of Mortgages in Housing loan & the rights of the lenderPratistha Mishra
Types of Mortgages that are provided by the lenders in Housing Loan & what the rights of the Mortgagor & Mortgagee along with it what are the essentials of each type of mortgage.
This document summarizes real estate laws in Saudi Arabia. It covers topics such as ownership restrictions (all land is owned by the Crown), the conveyancing process involving notary publics, lease requirements, off-plan sales regulations, and the new real estate mortgage law. Ownership is established through title deeds certified by notary publics. Leases do not need to be in writing but must comply with land use laws. Off-plan sales involve escrow accounts and developer licensing. The new mortgage law permits mortgages and their registration instead of property transfers as in traditional murabaha financing.
The document discusses real estate regulation in Colombia. Key points include:
- The Colombian government protects private property and foreigners have equal rights to purchase real estate. Transactions do not impose additional taxes on foreign investors.
- Land use must comply with land use planning regulations set by municipalities in territorial zoning plans.
- Due diligence is recommended before real estate purchases to analyze title, permitted land uses, and compliance with regulations for rural land. Transactions require registration for title transfer.
- Leases and rentals are also common real estate activities, with obligations for landlords and tenants defined by law. Special protections apply to commercial tenants.
The document provides information about real estate acquisition and leasing in Colombia. It discusses that the Colombian government protects private property and foreigners have equal rights to purchase real estate. It also notes that real estate transactions do not imply additional tax or legal burdens for foreign investors. The document then provides details about due diligence processes, registration procedures, landlord and tenant obligations, rent amounts, and contract renewal rights regarding leasing real estate in Colombia.
Three key points about real estate in Colombia:
1. Colombian and foreign nationals have equal rights to purchase property.
2. Real estate transactions do not impose additional taxes, legal, or financial burdens on foreign investors.
3. Land use must comply with municipal regulations and zoning laws.
Municipalities in Colombia have autonomy to establish regulations for land use and development through a Territorial Land Use Plan (POT). The POT guides physical development and classifies land as urban, rural, or expansion. Construction requires licenses that specify uses, sizes, and technical aspects in accordance with the POT. Real estate can be purchased by foreigners through the same process as Colombians, which involves due diligence, title review, purchase agreement, and registration.
Policy and legal framework affecting real estate in indonesiaLeks&Co
This document outlines Indonesia's legal framework governing real estate, including ownership rights, foreign investment rules, and recent regulatory changes. It discusses the main types of land rights (Ownership, Cultivation, Use, Building), as well as condominium ownership. Foreign investors can purchase real estate by establishing a PMA company with minimum capitalization. Recent regulations increased LTV loan limits and gave local governments control over land taxes and levies.
This document provides information and standard terms for a Contract of Purchase and Sale for real estate. It begins with copyright information for the form.
Section 1 provides 3 sentences on recommended procedures for completing the sale to ensure the seller receives funds on the agreed upon completion date. It advises the buyer to pay funds and sign documents at least 2 days before completion, and the seller to return signed documents by the morning before completion.
Section 2 notes the real estate brokerage must hold deposits from the transaction as a stakeholder according to the Real Estate Services Act, and cannot release the funds without written agreement from both parties.
Types of Mortgages in Housing loan & the rights of the lenderPratistha Mishra
Types of Mortgages that are provided by the lenders in Housing Loan & what the rights of the Mortgagor & Mortgagee along with it what are the essentials of each type of mortgage.
This document summarizes real estate laws in Saudi Arabia. It covers topics such as ownership restrictions (all land is owned by the Crown), the conveyancing process involving notary publics, lease requirements, off-plan sales regulations, and the new real estate mortgage law. Ownership is established through title deeds certified by notary publics. Leases do not need to be in writing but must comply with land use laws. Off-plan sales involve escrow accounts and developer licensing. The new mortgage law permits mortgages and their registration instead of property transfers as in traditional murabaha financing.
While private finance has occurred in Myanmar's telecom sector, structuring these deals presented challenges due to the absence of defined procedures allowing offshore lenders to take onshore security or perfect said security. These deals highlighted issues with Myanmar's current project finance environment and a need for legal reforms. Taking security over immovable property requires approvals but issues remain regarding registration. Perfection of mortgages and charges on both movable and immovable property is problematic. Enforcement of security through the courts is uncertain and non-recourse project finance transactions may be misunderstood. Overall, Myanmar's laws regarding secured transactions and a central registration system require updates to better facilitate private project financing.
The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at (a) ensuring consumer protection and (b) standardisation in business practices and transactions in the real estate sector.
The Real Estate (Regulation and Development) Bill, 2013 seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level to regulate the real estate sector and protect consumer interests. The bill aims to define promoters and real estate agents, require their mandatory registration, and establish rules for escrow accounts, cross-border advertising standards, dispute resolution mechanisms, and penalties for non-compliance. It covers both commercial and residential real estate projects across India except Jammu and Kashmir.
Unit 2 Section 4 Review of Colorado Contract LawBy the end of .docxlillie234567
Unit 2 Section 4 Review of Colorado Contract Law
By the end of this unit, you will be able to:
· Describe the Conway-Bogue court case and summarize the ruling of the Colorado Supreme Court
· Compare and contrast the CO Fair Housing Act and the Federal Fair Housing Act
· Explain Common-Interest Ownership and its requirements
· Describe CO Statutory Relationships
There are several core case laws and statutes affecting the practice of real estate in Colorado. They are presented here in summary format along with the reference for further investigation.
Click here to read the following section in the Colorado Revised Statutes:
· CRS 38-10-108
End of Page
Unit 2-4 Conway-Bogue
Conway–Bogue is the shortened name of one of the parties to a major case law opinion by the Colorado Supreme Court in 1957. The lawyers in the Denver Bar Association sued the Conway-Bogue Realty Investment Company to prevent what the lawyers considered real estate broker infringement on their practice of law.
The Supreme Court determined that many of the
acts performed by real estate brokers do constitute the practice of law. This includes preparing deeds, leases, completing standard and approved contract forms, etc., and giving explanation or advice as to the legal effect of these forms.
It also concluded that
licensed real estate brokers may prepare these sale, loan, and leasing documents (that normally only attorneys-at-law may prepare)
only for their own customers in transactions in which they are acting as a real estate broker.
The courts said it reached its decision based on:
1. A scarcity of lawyers in many parts of the state. (
Remember, this was in the 1950’s.)
2. A 50+-year history of the public seeking brokers rather than lawyers to conduct real estate transactions.
3. No record of any public or lawyer harm from the (then) current practice.
4. No move by the legislature to stop this “alleged evil” practice.
The Court found that
to prohibit brokers from this limited practice of law would “not be in the public interest.”
End of Page
Unit 2-4 Conway-Bogue
The Colorado Association of REALTORS® legal counsel cautioned its members that the broker’s activity must be limited as to:
1. Brokers must be
connected to the transaction as broker.
2. Brokers
may not charge for legal document preparation.
3. Brokers may only prepare “
commonly used, printed, standard and approved forms.”
(Instructor’s Note: This is the precursor to Rule F-7 and the Commission-approved forms in required use today.)
Clearly, brokers
must NOT prepare:
1. Legal documents as a business, courtesy or favor, whether paid or not, when not connected to the transaction as a broker.
2. Documents that are not on standard and approved printed forms.
3. Wills or other legal documents beyond those customary in a real estate transaction.
C..
This document is a legal guide for doing business in Colombia that was prepared in March 2019. It provides an introduction to Colombia's economy and legal system. The guide contains 12 chapters that cover various aspects of Colombian law relevant for foreign investors, such as foreign investment, trade, taxes, intellectual property, real estate, and more. It emphasizes that Colombia protects private property and foreigners have equal rights regarding real estate transactions. It also provides guidance on performing due diligence when acquiring real estate in Colombia.
The document summarizes a new Bahraini Investor Protection Law that comes into force on January 1, 2015. It was passed to address challenges in the real estate market like the sale of unapproved "off plan properties" and delayed or suspended projects. The key aspects of the new law are that it prohibits real estate developers from promoting or selling properties without proper licenses and registration. It also requires developers to put project funds in a separate escrow account overseen by a trustee to ensure refunds if projects are suspended. The law is expected to restore investor confidence by regulating these issues and attract more foreign investment through a solid framework for real estate development in Bahrain.
The Regulation and Development Act, 2016 & the Construction and Demolition Waste Management Rules, 2016 and its implications on Builders, Real Estate Agents, Developers, Ends Users etc.
This document outlines regulations for the sale of subdivision lots and condominiums in the Philippines and penalties for violations. It requires subdivision and condominium projects to be registered with the National Housing Authority, including filing documents like development plans, financial statements, and marketing materials. It also mandates publishing notices of registered projects. The decree aims to protect buyers from fraudulent practices and ensure developers provide adequate infrastructure and comply with building codes.
Qatar Real Estate Development Law No (6) of 2014Katrina Wilson
1) Qatar recently passed a new real estate development law that aims to regulate the off-plan sale of residential and commercial properties and better protect purchasers.
2) The law establishes new licensing requirements for developers and mandates that purchase payments from off-plan buyers be deposited into escrow accounts to restrict access until certain construction milestones are met.
3) It also sets up a new pre-registration system to prevent double-selling of units and provides recourse for buyers if the completed property differs from the contract.
This document is an advisory for properties being sold by lenders after foreclosure. It summarizes exemptions and requirements for the seller. The seller is exempt from providing certain disclosures but is still required to disclose known material facts affecting the property's value. The seller must also disclose information about earthquake zones, smoke detectors, water heaters, and lead paint. The sale is not exempt from state requirements for carbon monoxide devices or tax withholding obligations. Brokers still have obligations to conduct inspections and provide agency disclosures.
Rollits' Planning & Property Development Newsletter Autumn 2019Pat Coyle
Legal newsletter for the planning & property development sector including articles on town & village greens, overage agreements and Permitted Development Rights
The document lists 10 legal documents that are essential for buying a flat in India: 1) Sale Deed, 2) Mother Deed, 3) Building Approval Plan, 4) Occupancy Certificate, 5) Commencement Certificate, 6) Khata Certificate, 7) Encumbrance Certificate, 8) Completion Certificate, 9) No Objection Certificate, and 10) Tax Receipts. It provides details on what each document is and why it is important for validating a property purchase and ownership.
No doubt that, rented premises leads to saving of hefty investment cost but that is only one side of the coin and the other side of coin calls for attention towards the legal aspects involved in such decision which are specified through a Commercial Lease Deed.
This document provides information about housing finance, foreclosures, types of foreclosures (judicial sale, power of sale, strict foreclosure), mortgage law in Pakistan, types of mortgages (simple, conditional sale, usufructuary, English, equitable, anomalous), relevant sections of the Financial Institutions (Recovery of Finances) Ordinance 2001, and formats for demand notices issued under Section 15(2) of the Ordinance. The document defines key terms, outlines the legal processes and rights involved in foreclosures and recovery of finances through mortgaged properties in Pakistan.
Real estate laws in Saudi Arabia are based on Sharia law. All land is owned by the Crown unless privately owned or owned by municipalities. Real estate transactions involve a notary public who oversees the conveyancing process. Leases and licenses govern the use of land but ownership is restricted for foreigners and GCC nationals. Regulations require escrow accounts and developer oversight for off-plan sales. Murabaha historically financed real estate but a new mortgage law now governs financing through registered mortgages.
2010 09 25 Insolvency In The Middle East And AfricaBRIPAN
The document discusses insolvency frameworks and initiatives in the Middle East, Africa, and North Africa regions. It describes:
1) OHADA, an organization that has harmonized insolvency and business laws across 16 West and Central African countries. The organization provides a uniform insolvency act and framework for proceedings.
2) Issues with implementing OHADA, including a lack of publicity around rulings and voluntary reorganizations stopping creditor proceedings.
3) MENA, a benchmarking project assessing insolvency laws in 11 Middle Eastern and North African countries. The survey found most laws in the region lack incentives for reorganization and enforcement is generally ineffective.
This document discusses chattel mortgages under Philippine law. It defines a chattel mortgage as personal property that is recorded in the Chattel Mortgage Register as security for an obligation. If the property is delivered instead of recorded, it is considered a pledge rather than a chattel mortgage. The key characteristics are that it is an accessory contract and must be formally recorded. Philippine law, including the Chattel Mortgage Law and provisions of the Civil Code, govern chattel mortgages. The foreclosure process involves a 30-day notice period, public auction, and 30-day redemption period for the debtor. Proceeds from foreclosure are applied to costs, the secured obligation, and other enc
Five key points about government contracting in Colombia:
1. Selection processes aim to choose the most favorable offer for the public interest based on objective criteria.
2. Foreign bidders can participate under the same conditions as Colombians if their home country provides reciprocal treatment.
3. All bidders wishing to contract with the government, whether Colombian or foreign, must register in the bidders' registry (RUP).
4. Contractors must submit a performance bond to guarantee contract obligations, except in certain cases like loans.
5. Private initiatives are possible for public-private partnerships (APP), but public funds cannot exceed 30% of the project budget.
8 Inversiones para el desarrollo sostenible (1).pdfProColombia
El documento describe varios casos de inversiones sostenibles realizadas por empresas en Colombia, incluyendo Baxter en Cali, Grupo UMA en Pereira, y Colhilados en Antioquia. También describe una inversión de la empresa noruega NORFUND en ERCO Energía de Medellín para apoyar proyectos de energía renovable. Las inversiones apoyan la creación de empleos, producción local, eficiencia energética, y transición a energías limpias.
Las regiones de Colombia están implementando iniciativas innovadoras para atraer inversiones como estrategias de coworking exclusivo para empresas multinacionales en Orinoquia, uso de redes sociales como LinkedIn para promover oportunidades en el Valle del Cauca, y programas de capacitación en inglés para jóvenes en Cartagena para fortalecer las habilidades requeridas por inversionistas. Medellín también ha creado una herramienta de datos económicos llamada DaTACI para apoyar la toma de decisiones de inversionistas.
More Related Content
Similar to Legal_Guide_2023_Chapter_11-compressed.pdf
While private finance has occurred in Myanmar's telecom sector, structuring these deals presented challenges due to the absence of defined procedures allowing offshore lenders to take onshore security or perfect said security. These deals highlighted issues with Myanmar's current project finance environment and a need for legal reforms. Taking security over immovable property requires approvals but issues remain regarding registration. Perfection of mortgages and charges on both movable and immovable property is problematic. Enforcement of security through the courts is uncertain and non-recourse project finance transactions may be misunderstood. Overall, Myanmar's laws regarding secured transactions and a central registration system require updates to better facilitate private project financing.
The Bill seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at (a) ensuring consumer protection and (b) standardisation in business practices and transactions in the real estate sector.
The Real Estate (Regulation and Development) Bill, 2013 seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level to regulate the real estate sector and protect consumer interests. The bill aims to define promoters and real estate agents, require their mandatory registration, and establish rules for escrow accounts, cross-border advertising standards, dispute resolution mechanisms, and penalties for non-compliance. It covers both commercial and residential real estate projects across India except Jammu and Kashmir.
Unit 2 Section 4 Review of Colorado Contract LawBy the end of .docxlillie234567
Unit 2 Section 4 Review of Colorado Contract Law
By the end of this unit, you will be able to:
· Describe the Conway-Bogue court case and summarize the ruling of the Colorado Supreme Court
· Compare and contrast the CO Fair Housing Act and the Federal Fair Housing Act
· Explain Common-Interest Ownership and its requirements
· Describe CO Statutory Relationships
There are several core case laws and statutes affecting the practice of real estate in Colorado. They are presented here in summary format along with the reference for further investigation.
Click here to read the following section in the Colorado Revised Statutes:
· CRS 38-10-108
End of Page
Unit 2-4 Conway-Bogue
Conway–Bogue is the shortened name of one of the parties to a major case law opinion by the Colorado Supreme Court in 1957. The lawyers in the Denver Bar Association sued the Conway-Bogue Realty Investment Company to prevent what the lawyers considered real estate broker infringement on their practice of law.
The Supreme Court determined that many of the
acts performed by real estate brokers do constitute the practice of law. This includes preparing deeds, leases, completing standard and approved contract forms, etc., and giving explanation or advice as to the legal effect of these forms.
It also concluded that
licensed real estate brokers may prepare these sale, loan, and leasing documents (that normally only attorneys-at-law may prepare)
only for their own customers in transactions in which they are acting as a real estate broker.
The courts said it reached its decision based on:
1. A scarcity of lawyers in many parts of the state. (
Remember, this was in the 1950’s.)
2. A 50+-year history of the public seeking brokers rather than lawyers to conduct real estate transactions.
3. No record of any public or lawyer harm from the (then) current practice.
4. No move by the legislature to stop this “alleged evil” practice.
The Court found that
to prohibit brokers from this limited practice of law would “not be in the public interest.”
End of Page
Unit 2-4 Conway-Bogue
The Colorado Association of REALTORS® legal counsel cautioned its members that the broker’s activity must be limited as to:
1. Brokers must be
connected to the transaction as broker.
2. Brokers
may not charge for legal document preparation.
3. Brokers may only prepare “
commonly used, printed, standard and approved forms.”
(Instructor’s Note: This is the precursor to Rule F-7 and the Commission-approved forms in required use today.)
Clearly, brokers
must NOT prepare:
1. Legal documents as a business, courtesy or favor, whether paid or not, when not connected to the transaction as a broker.
2. Documents that are not on standard and approved printed forms.
3. Wills or other legal documents beyond those customary in a real estate transaction.
C..
This document is a legal guide for doing business in Colombia that was prepared in March 2019. It provides an introduction to Colombia's economy and legal system. The guide contains 12 chapters that cover various aspects of Colombian law relevant for foreign investors, such as foreign investment, trade, taxes, intellectual property, real estate, and more. It emphasizes that Colombia protects private property and foreigners have equal rights regarding real estate transactions. It also provides guidance on performing due diligence when acquiring real estate in Colombia.
The document summarizes a new Bahraini Investor Protection Law that comes into force on January 1, 2015. It was passed to address challenges in the real estate market like the sale of unapproved "off plan properties" and delayed or suspended projects. The key aspects of the new law are that it prohibits real estate developers from promoting or selling properties without proper licenses and registration. It also requires developers to put project funds in a separate escrow account overseen by a trustee to ensure refunds if projects are suspended. The law is expected to restore investor confidence by regulating these issues and attract more foreign investment through a solid framework for real estate development in Bahrain.
The Regulation and Development Act, 2016 & the Construction and Demolition Waste Management Rules, 2016 and its implications on Builders, Real Estate Agents, Developers, Ends Users etc.
This document outlines regulations for the sale of subdivision lots and condominiums in the Philippines and penalties for violations. It requires subdivision and condominium projects to be registered with the National Housing Authority, including filing documents like development plans, financial statements, and marketing materials. It also mandates publishing notices of registered projects. The decree aims to protect buyers from fraudulent practices and ensure developers provide adequate infrastructure and comply with building codes.
Qatar Real Estate Development Law No (6) of 2014Katrina Wilson
1) Qatar recently passed a new real estate development law that aims to regulate the off-plan sale of residential and commercial properties and better protect purchasers.
2) The law establishes new licensing requirements for developers and mandates that purchase payments from off-plan buyers be deposited into escrow accounts to restrict access until certain construction milestones are met.
3) It also sets up a new pre-registration system to prevent double-selling of units and provides recourse for buyers if the completed property differs from the contract.
This document is an advisory for properties being sold by lenders after foreclosure. It summarizes exemptions and requirements for the seller. The seller is exempt from providing certain disclosures but is still required to disclose known material facts affecting the property's value. The seller must also disclose information about earthquake zones, smoke detectors, water heaters, and lead paint. The sale is not exempt from state requirements for carbon monoxide devices or tax withholding obligations. Brokers still have obligations to conduct inspections and provide agency disclosures.
Rollits' Planning & Property Development Newsletter Autumn 2019Pat Coyle
Legal newsletter for the planning & property development sector including articles on town & village greens, overage agreements and Permitted Development Rights
The document lists 10 legal documents that are essential for buying a flat in India: 1) Sale Deed, 2) Mother Deed, 3) Building Approval Plan, 4) Occupancy Certificate, 5) Commencement Certificate, 6) Khata Certificate, 7) Encumbrance Certificate, 8) Completion Certificate, 9) No Objection Certificate, and 10) Tax Receipts. It provides details on what each document is and why it is important for validating a property purchase and ownership.
No doubt that, rented premises leads to saving of hefty investment cost but that is only one side of the coin and the other side of coin calls for attention towards the legal aspects involved in such decision which are specified through a Commercial Lease Deed.
This document provides information about housing finance, foreclosures, types of foreclosures (judicial sale, power of sale, strict foreclosure), mortgage law in Pakistan, types of mortgages (simple, conditional sale, usufructuary, English, equitable, anomalous), relevant sections of the Financial Institutions (Recovery of Finances) Ordinance 2001, and formats for demand notices issued under Section 15(2) of the Ordinance. The document defines key terms, outlines the legal processes and rights involved in foreclosures and recovery of finances through mortgaged properties in Pakistan.
Real estate laws in Saudi Arabia are based on Sharia law. All land is owned by the Crown unless privately owned or owned by municipalities. Real estate transactions involve a notary public who oversees the conveyancing process. Leases and licenses govern the use of land but ownership is restricted for foreigners and GCC nationals. Regulations require escrow accounts and developer oversight for off-plan sales. Murabaha historically financed real estate but a new mortgage law now governs financing through registered mortgages.
2010 09 25 Insolvency In The Middle East And AfricaBRIPAN
The document discusses insolvency frameworks and initiatives in the Middle East, Africa, and North Africa regions. It describes:
1) OHADA, an organization that has harmonized insolvency and business laws across 16 West and Central African countries. The organization provides a uniform insolvency act and framework for proceedings.
2) Issues with implementing OHADA, including a lack of publicity around rulings and voluntary reorganizations stopping creditor proceedings.
3) MENA, a benchmarking project assessing insolvency laws in 11 Middle Eastern and North African countries. The survey found most laws in the region lack incentives for reorganization and enforcement is generally ineffective.
This document discusses chattel mortgages under Philippine law. It defines a chattel mortgage as personal property that is recorded in the Chattel Mortgage Register as security for an obligation. If the property is delivered instead of recorded, it is considered a pledge rather than a chattel mortgage. The key characteristics are that it is an accessory contract and must be formally recorded. Philippine law, including the Chattel Mortgage Law and provisions of the Civil Code, govern chattel mortgages. The foreclosure process involves a 30-day notice period, public auction, and 30-day redemption period for the debtor. Proceeds from foreclosure are applied to costs, the secured obligation, and other enc
Five key points about government contracting in Colombia:
1. Selection processes aim to choose the most favorable offer for the public interest based on objective criteria.
2. Foreign bidders can participate under the same conditions as Colombians if their home country provides reciprocal treatment.
3. All bidders wishing to contract with the government, whether Colombian or foreign, must register in the bidders' registry (RUP).
4. Contractors must submit a performance bond to guarantee contract obligations, except in certain cases like loans.
5. Private initiatives are possible for public-private partnerships (APP), but public funds cannot exceed 30% of the project budget.
Similar to Legal_Guide_2023_Chapter_11-compressed.pdf (20)
8 Inversiones para el desarrollo sostenible (1).pdfProColombia
El documento describe varios casos de inversiones sostenibles realizadas por empresas en Colombia, incluyendo Baxter en Cali, Grupo UMA en Pereira, y Colhilados en Antioquia. También describe una inversión de la empresa noruega NORFUND en ERCO Energía de Medellín para apoyar proyectos de energía renovable. Las inversiones apoyan la creación de empleos, producción local, eficiencia energética, y transición a energías limpias.
Las regiones de Colombia están implementando iniciativas innovadoras para atraer inversiones como estrategias de coworking exclusivo para empresas multinacionales en Orinoquia, uso de redes sociales como LinkedIn para promover oportunidades en el Valle del Cauca, y programas de capacitación en inglés para jóvenes en Cartagena para fortalecer las habilidades requeridas por inversionistas. Medellín también ha creado una herramienta de datos económicos llamada DaTACI para apoyar la toma de decisiones de inversionistas.
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La estrategia de ProColombia para atraer inversiones extranjeras se enfoca en tres pilares: contribuir a la reindustrialización de Colombia a través de inversiones en sectores como salud, soberanía alimentaria y energía; atraer inversiones a las regiones de Colombia para cerrar brechas de desarrollo; y atraer inversiones que promuevan la transferencia de conocimiento e innovación. Esta estrategia se implementa a través de seis acciones como la promoción proactiva de proyectos de inversión en sectores priorizados, la atracción de fond
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El Plan Nacional de Desarrollo de Colombia establece cinco ejes para convertir al país en líder mundial en temas relacionados con la vida y la naturaleza. Uno de los ejes se enfoca en la transformación productiva y la vinculación de las regiones en cadenas de valor a través de programas como Encadenamientos Productivos y Paz Total, que impulsan proyectos de desarrollo regional. Otro eje busca impulsar la industria digital, las fábricas de productividad y la economía popular para generar empleo e ingres
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El documento describe la cadena de valor de las bodas de destino, incluyendo etapas como la planificación, alojamiento, diseño y coordinación del evento. Explica que las bodas de destino generan beneficios económicos para las comunidades locales a través de ingresos, empleos e impulsos al turismo. También promueven la cultura local y requieren una gestión sostenible y responsable de los recursos. Diversos actores como organizadores, destinos, parejas y proveedores desempeñan roles en crear experiencias de bodas exit
El documento describe las tendencias actuales en las bodas de destino. Antes, las bodas de destino eran más sencillas y tradicionales, pero ahora ofrecen experiencias más completas durante varios días. Algunas tendencias clave incluyen bodas más sustentables e íntimas, así como eventos más grandes con entretenimiento y tecnología. También hay una mayor personalización a través de shows, fotos y elementos instagrameables.
El documento resume la 13a edición del Congreso de Bodas LAT que se llevará a cabo del 8 al 11 de octubre de 2023 en Riviera Maya, México. El congreso ofrecerá sesiones educativas, talleres y eventos de networking para profesionales de la industria de bodas. Además, se promocionan paquetes de hospedaje y registro que incluyen acceso al congreso y actividades adicionales.
Este documento ofrece información sobre cómo los profesionales del turismo de bodas pueden promocionarse internacionalmente. Explica que la asociación IADWP brinda educación y certificaciones en la industria de bodas de destino. También define qué son las bodas de destino y analiza las características de las parejas que eligen este tipo de bodas. Finalmente, proporciona consejos de marketing para atraer a parejas interesadas en bodas de destino.
El documento resume la 13a edición del Congreso de Bodas LAT que se llevará a cabo del 8 al 11 de octubre de 2023 en Riviera Maya, México. El congreso ofrecerá sesiones educativas, talleres y eventos de networking para profesionales de la industria de bodas. Además, se promocionan paquetes de hospedaje y registro que incluyen acceso al congreso y actividades adicionales.
Bodas Multiculturales y la oportunidad para Colombia.pdfProColombia
El documento describe las bodas multiculturales y cómo estas representan una gran oportunidad para Colombia en términos de turismo, promoción de la diversidad cultural, desarrollo de la industria de servicios, intercambio cultural y promoción del patrimonio local. Las bodas multiculturales atraen turismo internacional, resaltan la riqueza cultural de Colombia, crean empleos en servicios especializados, fomentan el entendimiento intercultural y destacan las tradiciones locales.
La cadena de valor de las bodas de destino y el impacto social en las comunid...ProColombia
El documento describe la cadena de valor de las bodas de destino, incluyendo etapas como la planificación, alojamiento, diseño y coordinación del evento. Explica que las bodas de destino generan beneficios económicos para las comunidades locales a través de ingresos, empleos e impulsos al turismo. También promueven la cultura local y requieren una gestión sostenible y responsable de los recursos. Diversos actores como organizadores, destinos, parejas y proveedores desempeñan roles en crear experiencias de bodas exit
Diseño de la experiencia en una boda destino.pdfProColombia
El documento describe los factores clave a considerar al elegir un destino para una boda, incluyendo el ambiente, las emociones de viaje, las actividades para invitados, y los servicios disponibles. También enfatiza la importancia de comunicarse claramente con los invitados sobre los detalles del evento para establecer expectativas y asegurar una experiencia positiva para todos.
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
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This memo reflects the valid Colombian legislation at the date it was sent and it seeks to provide
general and basic information of the Colombian law. This message does not represent or
replace legal counsel of a specific or particular matter. Such legal counsel must be obtained
from specialized legal services. To that effect, we suggest that you contact any of the law firms
that can be found in the Investor’s Services Directory located in the webpage of ProColombia
www.procolombia.co
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REAL
ESTATE
11.1. Overview of acquisition of real
estate properties in Colombia
Colombia is one of the countries in the
region with the highest investment and
execution of real estate projects. This
is due to the large rural areas of the
country, the growth in the development
and acquisition of urban housing and
the technological advances in the
development of intermediary platforms
for the purchase and sale of real estate.
Below, we highlight three (3) main matters
that should be considered regarding the
acquisition of real estate properties in
Colombia:
a. According to the National
Constitution, Colombia is a
social State governed by the
rule of law in which private
property is protected and
guaranteed.
b. The applicable regulations to
the acquisition of real estate
properties are the same for
Colombians as for foreigners.
There is only one rare exception
according to which foreigners
cannot acquire real estate
properties that are located
in border areas and have a
vacant origin, that is, that have
been transferred by the State
to individuals because they do
not belong to anyone.
c. The real estate acquisition
process in Colombia is done
through a registry system.
Therefore, to transfer real
estate properties, as well as
executing the agreement, this
document must be registered
before a Public Registry
Office, which reviews that
the agreement complies with
all legal requirements. Note
that the ownership of the
property is not transferred
until the registration process is
completed.
11.2. Due Diligence
Before acquiring real estate properties
in Colombia, it is advisable to make a
legal due diligence, to confirm that: (i) its
acquisition does not entail any risk, and
(ii) the properties have the conditions
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needed. This analysis is divided in two:
title search report and land use report.
• Title Search: A review of the
title deed, of the documents
registered in the ownership
certificate of the property
in the last 10 or 20 years
(depending on the scope), and
of other documents (that will
depend on the property and
its intended use) is conducted.
As a result of this analysis the
following is established: the
owner of the property; if the
title chain is uninterrupted;
and whether or not there are
current liens, encumbrances
or any other limitation to the
use or ownership rights of the
property. In other words, if
there is any risk associated to
the acquisition of the property.
Additionally, compliance of tax
obligations, as property tax,
betterment levy, or increase
value of the property tax
(plusvalía), is also reviewed.
• Zoning Report: It is a review in
which the zoning conditions
of a property are analyzed.
It determines if the needed
land use is permitted, and
the construction conditions
applicable to the property. For
this, the following documents
are reviewed: (i) Zoning
Instrument of the municipality
where the property is located;
(ii) other zoning regulations
instruments such as macro
projects (macro-proyectos) and
specific zoning plans (planes
parciales), if applicable; (iii) the
land use opinions issued by the
competent authorities; and
(iv) the building permits that
were granted for the property.
With this analysis it is possible
to determine if the location of
the property is suitable for the
project, and to establish the
applicable architectural and
structural regulation (which
includes maximum indexes,
height, insulation, among
others).
11.3. Main agreements for the
acquisition of real estate properties
The main agreements used in Colombia
for the acquisition of real estate
properties are: (i) the promise to purchase
agreement, the private and preparatory
document for the transfer of a property;
(ii) the purchase and sale agreement, the
public document executed by means of
a public deed that must be registered;
and (iii) the trust agreement, a recent
alternative for the transfer, development,
and operation of properties.
There are other agreements used in
Colombia, which although they are less
used, pursue different purposes, such as
easements, bailments, usufructs, or civil
trusts.
a. Promise of purchase
agreement: It is an agreement
by means of which the
framework and the necessary
conditions for the final transfer
are established. Therefore,
the rules for the negotiation,
the conditions precedent, the
place and date where the final
agreement will be executed,
the guarantees that will be
offered between the parties,
the commissions that may
exist, time and form of payment
of the possible final price,
among others, are agreed.
This agreement is a private
document that is not subject
to any formality. It is usual
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to include in this agreement
an advance payment of the
price, called “arras” (which
is legal mechanism that acts
as a sanction for retraction
or confirmation of the final
purchase and sale agreement).
Usually, the delivery of the
property is not made with the
execution of the promise of
purchase agreement.
b. Purchase and Sale Agreement:
It is the agreement by means
of which the seller transfers
the ownership of the property,
and the buyer must pay a
price. This agreement must be
executed by means of a public
deed before a Public Notary
and the document must be
subsequently registered with
the corresponding Public
Registry Office; otherwise,
the agreement shall not be
enforceable against third
parties. The Public Notary
takes approximately five (5)
days to formalize the transfer
public deed. Furthermore,
Colombian law establishes that
the registry process will take a
maximum of five (5) business
days, except in cases where
there are more than ten (10)
real estate units, for which an
additional term of five (5) more
business days is permitted.
However, in practice these
terms mare usually longer.
c. Trust Agreement: The trust
agreement has been the most
used mechanism in recent
decades for the development
and acquisition of real estate
properties in Colombia. This is
since it allows efficiencies in
costs and can limit the liability
of the contractual parties.
In summary, this agreement
constitutes a trust that is
handled by a financial entity
that is supervised by the
Colombian Superintendency of
Finance.
Some advantages of the trust
agreement are: (i) trusts are not
liable for pledges nor for claims
of the parties, (ii) in some cases
the rights of the trust can be
transferred, thus achieving an
indirect transfer of properties,
without paying notary and
registration taxes and through
a private document. On the
other hand, it should be noted
that the trustees (the financial
entities) charge for their
services.
Furthermore, once the purpose
for which the trust was created
has been fulfilled, the trust
must be closed, extinguished
and liquidated. In this case:
(i) profits shall be paid to the
investors of the project; (ii) the
properties shall be returned
to the settlors in case the
purpose of the trust has been
developed and/or returned to
those who has acquired it; and
(iii) the outstanding debts shall
be paid with the trust assets.
The following are the main
types of trusts used in the sale
and development of properties
in Colombia:
i. Administration trust
(commonly known as “fiducia
de parqueo”): Under this
scheme the property is
transferred to the trust so
that it holds the ownership
following the instructions of
the settlor.
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ii. Security trust: Under this
scheme, a property is
transferred to the trust for as
security for the obligations in
favor of third parties, generally
referred to as secured
creditors. This type of trust can
be structured in two ways: (i)
security, where the transferred
property will be sold to pay
debts in case of a default,
or (ii) security and source of
payments, where the trust
receives the cashflows from
the operation of the property,
and these are used to directly
pay the owed debt.
iii. Treasury administration trust
of real estate projects: Under
this scheme the builder
transfers all funds of a real
estate project to a trust.
Therefore, the trust is used
as security for the payments
needed for the development of
the project. These funds come
from by bank loans, sales of
the real estate project or own
resources.
iv. Real estate trust: Under this
scheme, the trust is used
for the administration of the
resources and assets needed
for the development of a real
estate project.
11.4. Main agreements for the
development and operation of real
estate projects
During the development and operation
of a real estate project, it is necessary to
execute different types of agreements, of
which we highlight the construction and
the lease agreements.
Construction Agreement: The
construction agreement is the agreement
in which the conditions to execute the
development of the project are agreed.
By means of this agreement, the parties
agree on the price, means, and stages
of the construction. Depending on the
form of payment, this contract has the
following types:
i. Fixed Global Price (precio
global fijo): The contractor
receives a fixed sum price as
consideration for the services
performed.
ii. Unit price (precio unitario):
The payment of the service is
made according to each work
executed and corresponds to
the result of multiplying the
number of activities executed
by the price of each of them.
iii. Delegated administration
(administración delegada):
The contractor is responsible
for the execution of the
agreed construction, but at
the expense and risk of the
developer.
On the other hand, Colombian law
establishes the following securities for
constructions that are built as a result of
a construction agreement: (i) 10 years for
any claims to the contractor related to
structural failures that may occur and (ii)
1 year for any claim related to the finishes
of the construction. This responsibility
extends to the developer of the project
or the owner of the property, at the time
of selling the real estate units to third
parties.
Lease Agreement: By means of this
agreement the tenancy of the real estate
is transferred to a third party for its use.
It can be made verbally or in writing,
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although normally is made in writing. The
only thing required for it to be valid is an
understanding on the lease fee and the
leased property. In these agreements
it is important to regulate: the form
of payment, the date and conditions
of delivery, the improvements and
repairs regulation, the payment of the
administration fee (if applicable), the
payment of public services, the term, the
obligations of the parties and the way in
which any dispute will be resolved.
On the other hand, depending on the
type of lease there are certain special
provisions that must be considered:
i. Urban Housing Lease
Agreement: For the lease of
urban housing, the price of
the fee may not exceed 1% of
the commercial value of the
property. Furthermore, the
lease fee cannot be increased
to a value greater than the
consumer price index (CPI),
an economic index that is
calculated by measuring the
value of certain products
annually.
ii. Commercial Establishment
Lease Agreement: The lessee
of a commercial establishment
has a right of an automatic
renewal. According to
Colombian law, the lessee who
has occupied a property for
more than 2 years will have
the right to have the lease
agreement renewed, except
if: (i) the lessee has breached
the agreement; (ii) the lessor
needs the property for his own
room or for an establishment
of his own with a different
destination or (iii) when the
property must be rebuilt,
repaired or demolished due
to its state in ruins or for the
construction of a new work. For
these exceptions, the lessor
must give notice to the lessee
within a minimum period of 6
months in advance.
The adjustment of the lease
fee is not regulated by law;
therefore, the parties will be
responsible for agreeing on
the dates and percentages
in which the readjustment
will take place. Generally, the
increase in the fee is based
on the percentage of the
Consumer Price Index (CPI) of
the year prior to the execution
of the lease.
11.5. Urban licenses
For the construction of a real estate
project, a prior authorization is required
from the competent authority called
urban license (licencia urbanística)
which, depending on the type in which
it is granted, authorizes the use and
development of the property. Urban
licenses have the following modalities:
• Urbanization (urbanización):
It is the prior authorization to
execute works on properties
located on urban and urban
expansion areas. By means
of this license, public and
private spaces, access roads,
connection to public services,
among others, are created.
Furthermore, this license
permits the adaptation, and
subdivision of the property for
future developments, as well, it
specifiesitslanduseregulation,
buildable area, volumetry and
other technical matters for the
future licenses granted for the
properties.
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• Parcelling (parcelación): It
authorizes the creation of
public and private spaces of
properties located on rural and
suburban areas. By means of
this license, the same purpose
as the urbanization license
(licencia de urbanización) is
sought, that is, to condition
the property for future
developments.
• Construction (construcción):
By means of this license, the
previously approved technical
matters are specified and
implemented. The construction
license can be granted in the
following types: of extension,
adaptation, modification,
restoration, structural
reinforcement, demolition,
reconstruction, enclosure, and
new construction.
• Subdivision (sudvisión): It is the
prior authorization to divide
one or more properties.
• Intervention of public space
(intervención de espacio
público): It is the prior
authorization to occupy or
intervene public use properties
following zoning regulations.
11.6. Special Matters
Due to Colombia´s large rural areas
and its history, the country has special
regulations that seek to control illicit
activities related to the acquisition
of real estate properties, such as the
accumulation of vacant land (baldíos),
forced displacement (desplazamiento
forzado) and the acquisition of properties
financed by terrorism.
a. Vacant land (baldíos): Vacant land
are rural properties that have no owner;
therefore, they are owned by the
Colombian Government. These properties
are“inalienable”(thatcannotbetransferred
by individuals) and imprescriptible (that
cannot be acquired through squatters´
rights). Therefore, it is only the Colombian
Governmenttheonethatcantransferthese
properties to certain individuals if they
meet the legal requirements. Generally,
vacant lands are transferred to low-income
rural individuals.
According to Colombian law, a property
can be considered vacant land if its titles
do not meet certain legal requirements.
Additionally, vacant lands are subject to
certain limitations, such as the maximum
area that a person or entity can own, as
well as limitations for their transfer of
ownership.
Considering the above, for the acquisition
of rural properties we suggest conducting
a title search to asses if the properties are
or have a vacant land origin, to avoid any
sanction, limitation or possible restriction
by the Colombian Government .
b. Land restitution: This regulation aims
to return the tenure and ownership of
real estate properties to the victims of the
internal armed conflict who have been
dispossessed of their land by violence in
Colombia. By means of this regulation,
the victims will be able to claim ownership
of the properties through a process that
has an administrative and, later, a judicial
stage where the victim asks the judge for
the restitution of the property.
To disprove this claim, a standard of
“good faith without negligence” must be
proven. This means to have acted under
the legitimate belief that the property
had a lawful origin and having verified the
legal origin of the property through a due
diligence process.
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Therefore, we suggest conducting a legal
study on the properties that are located
in areas affected by Colombia’s armed
conflict, to verify that they are not in a land
restitution process, and thus mitigate the
risk of losing their ownership.
c. Extinction of Ownership (extinción
de dominio): is a judicial process through
which the Government can claim the
ownership of properties that were illicitly
acquired or have been used to develop
illicit activities, such as drug trafficking or
terrorism.
Asaresultofthisprocess,theGovernment
can seize or extinguished the right of
ownership over the property, both to the
persons who have committed the illegal
activities and to its subsequent owners.
As in the process of land restitution, the
owner must prove the standard of “good
faith without negligence” to prevent
the properties from being claimed by
the Government. It is an action of a
constitutional, in rem (real) nature –
as it pursues the asset regardless of
whoever has them –, and does not grants
any consideration or compensation for
those affected. Additionally, this action is
imprescriptible (that has no prescription).
Therefore, we strongly recommend
performing a due diligence prior to the
acquisition of a property to determine
whether the seller of the property or its
previous owners are not, or have not
been, involved in illicit activities.
d. Taxes and contributions
Below are (i) the expenses and taxes
that must be paid in Colombia for the
acquisition of a real estate properties
and (ii) the contributions and taxes that
must be paid for owning a real estate
properties in the country.
Expenses and taxes related to the
transfer of a property:
In Colombia, the costs related to the
transfer of a property are around 3%
of the value for which the property
is transferred. The exact amount will
depend on the price of the property and
its location.
i. Notary fees: Notarial fees are
those that must be paid to a
Notary Public because of the
transfer of ownership of the
property. For the acquisition
of a property, a fee of 0.3%
of the transfer price must be
paid. According to commercial
practice, notary fees are usually
paid in equal parts between
the parties involved.
ii. Registration fees: The
registration expenses consist
of those incurred for the
registration of the transfer of
the property before the Public
Registry Office. The amount to
be paid is calculated depending
on the range in which the price
ofthepropertyis,for2023,ifthe
property costs more than COP
$159.189.625 this value will be
between 0.755% and 1,04% of
the price. If the property costs
less than the mentioned price,
it will be charged a fixed fee
of COP $44.100. In accordance
with commercial practice,
registration fees are usually
paid in full by the buyer.
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iii. Registration tax: It is a tax that
must be paid because of the
registration of the transfer
of the property in the Public
Registry Office. The value of this
tax is between 0.5% and 1% of
the value of the property. The
exact value is determined by
the departmental authorities
where the property is located.
According to commercial
practice, this tax is usually paid
in full by the buyer.
iv. Other regional taxes:
Depending on where the
property is located, there may
be other regional taxes that
must be paid for its transfer.
These are established by the
regional authorities, who
annually indicate the amount
for each one of them. Examples
of the above are the “impuesto
de beneficencia” (charity tax)
charged in the department of
Cundinamarca and the pro-
hospital stamp paid in the
department of Atlántico. This
tax is usually paid by the buyer.
v. “Impuesto de timbre” (stamp
duty): This tax is generated
because of the transfer of real
estate property. This tax must
be paid when the price of the
property is higher than COP $
848,240,000 (USD $ 199,257).
Depending on the price, an
amount of 1.5% and 3% of the
value of the property must be
paid. This tax is usually paid by
the buyer, but it can be agreed
to be paid in another way.
Expenses and taxes related to the
ownership of a property:
vi. Surplus value tax (plusvalía):
It is a tax created because of
the activities carried out by the
authorities that are intended
to increase the use of the land,
and that allow that the land
use of the property to be more
profitable. The surplus value
tax becomes enforceable at
the time urban licenses are
issued or at the time additional
construction rights are granted
through other documents. This
tax becomes enforceable when
transferring of ownership
of properties. Although the
surplus value tax should be
registered on the ownership
certificate of the property,
regularly, the registry is not
always made.
vii. Betterment levy
(valorización): The betterment
levy is a tax that should be paid
as a result of the benefit that
the execution of public works
by the government generates
to a property. This is recorded
in the Ownership Certificate of
the property and must be paid
before making any transfer
of ownership. The entity that
executes the work will oversee
the collection of the tax, and
such collection may be carried
out in different payments.
viii. Urban delineation tax
(impuesto de delineación
urbana): It is regional tax
that is related to the cost
of construction per square
meter and is caused by the
constructionofnewbuildingsor
the renovation of existing ones.
This payment is required at the
time of issuing construction
licenses in the following types:
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new construction, extension,
modification, and adaptation.
ix. Property tax (predial): It is a
tax that is generated by the
existence of the property.
This is collected by the
municipalities and districts,
who are in charge of its
administration, collection, and
control. It is determined based
on the cadastral appraisal of
the property and is charged
annually.
NORM SUBJECT
Civil Code Contracts.
Code of Commerce Contracts.
Law 820 of 2003 Urban Leasing Law.
Decree 2811 of 1974 National Code for Renewable Natural Re-
sources and Environmental Protection.
Law 44 of 1990 Real Estate Tax.
Law 9 of 1989 and 1469 of 2011 Municipal development plans, acquisition
and expropriation.
Law 160 of 1994 Rural land regime.
Law 388 of 1997 Amendment of Law 9 of 1989.
Law 507 of 1999 Modifications of Law 388 of 1997.
Law 810 of 2003 Planning sanctions.
Decree 564 of 2006 (partially removed) Planning permits.
Decree 2181 of 2006 Partial plans.
11.7. Regulatory Framework
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NORM SUBJECT
Decree 0097 of 2006 Planning permissions on rural land.
Decree 4300 of 2007 Partial plans.
Decree 3600 of 2007 Rural land zoning regulation.
Decree 4065 of 2008 Urbanization and development of lands and
areas on urban land and expansion and ap-
plicable legislation on calculation of participa-
tion in surplus value.
Decree 4066 of 2008 Modifications to Decree 3600 of 2007.
Decree 3641 of 2009 Modification to Decree 3600 of 2007.
Decree 1469 of 2010 Planning permissions.
Law 1448 of 2011 Land restitution for the victims of the armed
conflict.
Law 1454 of 2011 Organic rules for area zoning.
Law 1469 of 2011 Promotion of developable land and access to
housing.
Decree Law 0019 of 2012 Paperwork reduction.
Law 1753 of 2015 National Development Plan 2015-2018.
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NORM SUBJECT
Decree Law 2365 of 2015 Winding up of the Colombian Institute of rural
development (INCODER).
Decree Law 2364 of 2015 Creation of the Rural Development Agency
(ADR).
Decree Law 902 of 2017 Issue to facilitate the implementation of the
Integral Rural Reform contemplated in the Fi-
nal Agreement signed with FARC, specifically
the procedure for access and formalization
and the Land Fund.
Resolution 740 of 2017 Agencia Nacional
de Tierras (“ANT”)
Resolution 041 of 1996 (Incora – today
ANT)
UAF extensions.
Decree 2051 of 2016 Regulates the Unique Registry of Abandoned
Lands and Territories -RUPTA-.
Decree 1766 of 2016 Modifies the decree of the rural development
sector, Decree 1071 of 2015.
Decree 2537 of 2015 By means of which Title 5 is added to Part 10
of Book 2 of Decree 1071 of 2015, Sole Reg-
ulatory Decree of the Agricultural, Fisheries
and Rural Development Administrative Sec-
tor, related to the temporary assumption of
the administration of parafiscal contributions.
Decree 1071 of 2015 Decree of the rural development sector.
Decree 1273 of 2016 Regulates the Areas of Interest for Rural, Eco-
nomic and Social Development (Zidres for its
acronym in Spanish).
Law 1776 of 2016 Create the Areas of Interest for Rural, Eco-
nomic and Social Development (Zidres for its
acronym in Spanish).
Decree 2363 of 2015 Creates the National Land Agency, (ANT for its
acronym in Spanish).
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